JACKSONVILLE, Fla. -- The Jacksonville Aviation Authority broke ground Monday on a new 150,000-square-foot hangar at Cecil Airport that is expected to generate 250 new jobs.

The $27 million project will accommodate the expansion of Flightstar Aircraft Services, Inc.

The project is being financed equally by the JAA and Florida Department of Transportation.

JAA will build the hangar and office facility on 11.5 acres of airport property.

Upon completion, JAA will lease the land and the hangar to Flightstar.

The project is expected to be completed by late 2014.

"We're proud to see Flightstar expand their operations at Cecil Airport," said JAA CEO and Executive Director Steve Grossman. "They've been a tremendous tenant, and this project is a huge win for all of us."

A ribbon cutting ceremony for a new $6 million hangar and office facility for Cecil Airport's newest tenant, KCI Aviation also took place Monday.

The West Virginia-based corporate/private aircraft maintenance and repair organization will utilize the 30,000 square feet of space for its Southeast business expansion.

KCI Aviation is also expected to bring more high-wage jobs to the area.